Heating systems are required to maintain an appropriate temperature at a desired level, by using thermal energy. This equipment is component used in the heating system. This report focus on three types of Water Heater, Air to Water Heat Pump and Wall Hung Electric Boilers and Wall Hung Gas Boilers.
According to the new market research report “Global Water Heater Market Report 2023-2029”, published by QYResearch, the global Water Heater market size is projected to reach USD 17.28 billion by 2029, at a CAGR of 6.9% during the forecast period.
Figure. Global Water Heater Market Size (US$ Mn), 2018-2029
Figure. Global Water Heater Top 15 Players Ranking and Market Share（Based on data of 2021, Continually updated）
The global key manufacturers of Water Heater include Navien, Macro, Mitsubishi Electric, GREE, Bradford White Corporation, Panasonic, Stiebel Eltron, Vanward, Stiebel Eltron, Panasonic, etc. In 2021, the global top five players had a share approximately 32.0% in terms of revenue.
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